Signs You Need an Attorney for an IRS Audit

Navigating an IRS audit can be intimidating and overwhelming. It’s a process that requires careful attention to detail and a thorough understanding of tax laws. While some audits can be managed independently, there are certain situations where the expertise of an attorney becomes indispensable. Knowing when to seek professional legal assistance can make all the difference in resolving your tax issues efficiently and effectively.

(more…)

Continue ReadingSigns You Need an Attorney for an IRS Audit

Why You Shouldn’t Handle Your Bankruptcy Case Alone

Navigating the complexities of bankruptcy can be an overwhelming experience, filled with legal jargon, emotional stress, and financial uncertainty. While the idea of tackling this process independently may seem appealing to some, there are several compelling reasons why seeking professional assistance is not only advisable but essential for a smoother journey through your financial difficulties.

(more…)

Continue ReadingWhy You Shouldn’t Handle Your Bankruptcy Case Alone

Essential Tips When Filing a Late Tax Return

Filing your tax return can be a stressful experience, particularly if you find yourself racing against the deadline. If you’re in a situation where the tax filing deadline is rapidly approaching, and you’re scrambling to finalize your return, it’s essential to understand the steps you can take to minimize consequences and ensure accurate filing. In this guide, we’ll provide practical advice to help you navigate this challenging period. (more…)

Continue ReadingEssential Tips When Filing a Late Tax Return

Can You Declare Chapter 7 Bankruptcy and Keep Your Home?

Declaring bankruptcy is a last resort for people in extreme financial difficulties, but in some cases, it’s the only way to get out from under a mountain of debt. One concern that many people have about filing for bankruptcy is whether they can keep their home. Let’s take a closer look at this important question.

Under Chapter 7 Bankruptcy Rules

The traditional form of bankruptcy is known as Chapter 7. When you declare bankruptcy under this section of the Bankruptcy Code, you are putting your assets at risk. The bankruptcy trustee will typically take your available assets to pay off your creditors unless the assets are exempt from forfeiture by state or federal law. (more…)

Continue ReadingCan You Declare Chapter 7 Bankruptcy and Keep Your Home?

Filing for Bankruptcy as a Single Parent

Any single parent knows the struggle of trying to raise a child, but that difficulty only increases when bills begin to pile up. You may find that you are not able to afford the lifestyle you once had, or perhaps you realize that your child is suffering because of it.

Financial issues are one of the major reasons people get divorced in the first place, but the problems don’t end there. Many people have money problems after divorce.  Trying to make it as a single parent is challenging.  As a result, many single parents consider bankruptcy. (more…)

Continue ReadingFiling for Bankruptcy as a Single Parent